Monday, December 14, 2015
|2015.12.14 XOI.X Cycle Model Chart|
The Amex oil index cycle model suggests that the recent decrease in the index price is temporary, and there is very strong upward pressure on prices. It is possible that the index has still to hit the low, but that possibility is low if the model is valid. Last time in mid-August where this much divergence occurred between actual and predicted price, the price reverted back to the predictive curve 'attractor.' A previous iteration of the model is shown on the blog and below.
|2015.11.20 XOI.X Cycle Model Chart|